The Solicitors Regulation Authority (SRA) has fined a UK firm in excess of £100,000 after it was found to have not taken steps to mitigate sanctions risk in historic conveyancing transactions. Ashfords, which has offices in Bristol, Plymouth, Exeter and London, was subject to an SRA investigation after reporting itself to the regulator in 2019. […]
Trowers & Hamlins has kicked off a second round of redundancies in its real estate team, following another consultation in the firm earlier this year. It emerged last month that the first round of cuts had resulted in 25 lawyers, including some partners, exiting the firm. The latest development means Trowers could be letting go […]
As firms including King & Spalding and Proskauer Rose agree new office deals in London, real estate data for Q3 shows there’s no let-up in demand for plush City space. Data provided by Knight Frank shows that law firms leased over 380,000 sq ft of space in Q3, which was 70 per cent higher than […]
A wave of redundancies continues to hit the legal market as Trowers & Hamlins and Mishcon de Reya are the latest to make cuts within their firms. First reported on RollonFriday, Trowers has begun a redundancy consultation that will thin the real estate and real estate finance teams by 25 lawyers, with partners also understood […]
The makeup of the London legal market is as diverse as the clients and industries it serves, featuring an array of firms across the spectrum in terms of size, clientele and revenue. For every magic circle firm, the legal market of the City provides a rich hunting ground for smaller firms that generate a fraction […]
As the fallout from Axiom Ince continues, UK and UAE firm Mezzle has hired a team from the firm in Birmingham and RPC has bagged a quartet of corporate lawyers in London. Former Axiom lawyer Agnes Gay, who is moving to Mezzle, has spent five years at Axiom Ince (or Axiom DWFM as it was). Her practice […]
Corporate teams from Slaughter and May, Mayer Brown and Burges Salmon have all used their network to land new deals for up-and-coming clients.
The big news at Kirkland & Ellis this week has been the departure of a four-partner finance team. But the long-term investment has been a string of hires in its City infrastructure group, with the team delivering on new matters. In its most recent infrastructure transaction, Kirkland banded together five ex-magic circle partners to advise […]
Canary Wharf Group (CWG) recently closed a multimillion-pound development loan deal, but its long-standing legal adviser Clifford Chance was nowhere to be seen. The Lawyer has widely reported Clifford Chance to have been CWG’s go-to firm for both contentious and non-contentious transactions for well over three decades. In 2003, the company stuck with CC on […]
In July, The Lawyer started its analysis of the third group in its Practice Analysis offering – real estate. The report for July looks at the UK real estate practices of more than 180 firms, ranks them by the size of their real estate team and provides important efficiency measures such as revenue per lawyer […]
Pennon Group is a giant when it comes to the water industry. Encompassing South West Water (SWW), Bristol Water, Pennon Water Services and Bournemouth Water, it boasted a 2020/21 revenue of £624m and is the largest private sector employer in the south west. But with all that grandeur comes a lot of responsibility and scrutiny. […]
Kirkland & Ellis is set to plant the flag in the capital of the Kingdom of Saudi Arabia with three partners spearheading the launch. The Lawyer has learnt that Kirkland has hired corporate partner Noor Al-Fawzan from Latham & Watkins. She is set to join the firm alongside two local partners from White & Case: […]